Boise Cascade Earnings: Here’s Why the Stock is Rising Now

Boise Cascade Co (NYSE:BCC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.95%.

Boise Cascade Co  Earnings Cheat Sheet

Results:

Revenue: Decreased 0% to $852.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.19. It beat the average revenue estimate of $843.49 million.

Quoting Management: Tom Carlile, Boise Cascade CEO, commented that the addition of Chester and Moncure to Boise Cascade’s Southern Region operations will help support Boise Cascade’s internal and external customer bases. “The acquisition of these two well-run facilities will strengthen our footprint in the Southeastern United States and enable us to better serve our customers in the Eastern and Southeastern United States,” he said. “We welcome the Chester and Moncure employees into the Boise Cascade family.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS decreased 25% from $0.32 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.44 to a profit $0.27. For the current year, the average estimate has moved down from a profit of $1.14 to a profit of $0.89 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , ,  

More from The Cheat Sheet